I maintain the view that an announcement of "Ceasing to be a...

I maintain the view that an announcement of "Ceasing to be a substantial holder" would have to be posted at the same time as the change in substantial holding. they can't change one holder and not the other.

The percentages held didn't really start moving until the offer was announced it was over so I reckon quite a few larger holders were shaken by the prospect that there was no larger bid coming through.

I doubt that LG will get the 90%, realistically if their want is to absorb SBL completely they'll have to increase the offer once this offer finally ends to get my shares and the other holders.